secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001326732-25-000035
Event type: leadership
Sentiment:  positive
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xencor appoints former Seagen CFO Todd Simpson to board of directors
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- Todd Simpson appointed to Xencor board on March 13, 2025, and named to Audit Committee.
- Simpson received an initial stock option with Black-Scholes value of $550,000, vesting over 3 years.
- He will receive $50,000 annual cash retainer as director and $10,000 for Audit Committee service.
- Simpson served as CFO of Seagen for 18 years, leading finance, strategy, and international expansion.
- Board appointment expands Xencor's financial and corporate strategy expertise with a seasoned biopharma CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000132673225000035/0001326732-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000132673225000035/xncr-20250313.htm
  HTML page:      https://secwatch.observer/filing/0001326732-25-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer